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Good News in Thai Beverage Public Company Limited’s Latest Result

Last week, Thai Beverage Public Company Limited (SGX: Y92) reported its first-quarter result for the financial year ending 31 December 2019. Thai Beverage operates in four different segments, namely, spirits, beer, food, and non-alcoholic beverages.

Here are 10 things investors should know about Thai Beverage’s latest quarter:

  1. Revenue was up 59.7% year on year to THB 72.6 billion.
  2. Similarly, EBITDA (earnings before interest, tax, depreciation, and amortization) jumped by 119.6% as compared to last year, to THB 12.3 billion.
  3. Net profit attributable to shareholders surged by 150.7% year on year to THB 7.4 billion.
  4. EBITDA margin (before recognition of fair value gain) improved from 12.3% for the same period last year to 16.9% in this quarter. Similarly, net profit margin was up from 6.7% last year to 10.3% in this period.
  5. As of 31 December 2018, the Group had cash and cash equivalents of THB 22.4 billion and total borrowings of THB 217.4 billion. This gives a it net debt position of THB 195.0 billion.
  6. The company’s gearing ratio (net debt to equity) stood at 135% as of 31 December 2018.
  7. Sales volume for spirits, soda water, beer, and non-alcoholic beverage were up by 25.7%, 11.8%, 253.9%, and 3.6%, respectively, year on year.
  8. For the quarter, spirits, beer, non-alcoholic beverages, and food accounted for 43.6%, 45.4%, 5.7%, and 5.3%, respectively, of Thai Beverage’s revenue.
  9. For the quarter, spirits, beer, non-alcoholic beverages, and food accounted for 95.1%, 6.8%, -4.8%, and 2.9%, respectively, of Thai Beverage’s net profit.
  10. No dividend was declared for this quarter.

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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. Motley Fool Singapore contributor Lawrence Nga doesn’t own shares in any companies mentioned.